Investors

Outlook and guidance

There has been a positive turn in the construction market in Finland. However, the volumes of new construction are still exceptionally low. The number of dwellings in the order book of PTT (The Finnish Association for Manufacturers of Prefabricated Houses) member companies increased by 13% in Q1 and the total order book of member companies was up 11% year-on-year. The demand expectations of PTT's member companies fell slightly from those in the autumn, but the member companies are still very unanimous that the positive development in detached house construction will continue. The turnaround in new construction is visible with a delay in the demand for Ekovilla products.
 
A turn in renovation is also expected. According to the Confederation of Finnish Construction Industries (RT), renovation construction decreased by 4.0% in 2024, but a 1.0% growth is expected in 2025. We believe that in EcoUp's renovation construction business, we can grow faster than the general renovation construction market.
 
EcoUp's Technology business aims to commercialize recyclable materials and end products from waste fractions through industrial process, equipment and chemical methods. We have developed several end products suitable for ecological construction that are in the commercialization phase. Commercially viable end products will enable the sale of the WasteX line technology developed and patented by the company. Discussions are ongoing with several potential customers, and we expect to sign commercial agreements in the Technology business during 2025. However, it is too early to assess the exact timing or magnitude of these. There is still uncertainty related to the realization of contracts.

Financial guidance for 2025 (updated on August 14, 2025)

New guidance:
EcoUp estimates that net sales for 2025 will be approximately at the same level as in 2024, and EBITDA will decrease compared to 2024.
 
Previous guidance (issued on June 3, 2025):
EcoUp estimates that net sales and EBITDA for 2025 would be approximately at the same level as in 2024.

In 2024, revenue was EUR 30.7 million and EBITDA was EUR 2.8 million.